Everyone wants to invest for income. The trouble is, over the last few years, doing so has been getting more difficult with treasury bonds and the stock market yielding less and less returns. If you’re going to make an investment that yields real income, then you need to think out of the box. Here are three investments guaranteed to yield reliable income.
1. Real estate
A great deal of millionaires around the world has made their fortunes in the real estate industry. It’s one of a handful of sectors that have remained consistent in terms of delivering good returns. Buying a house and land for sale in Tarneit today, for instance, guarantees you a huge profit should you sell it a few years down the road. You could also rent out the property and start enjoying the regular income.
2. Rental storage facilities
People will always be in need of storage facilities for their merchandise, and it’s an opportunity you can tap into and make a fortune. It’s a much easier investment to manage compared to providing rental housing. You only need to build the facilities and then start collecting checks from clients. Should anyone fail to pay you, you simply seize the goods and auction them. That may not be glamorous, but it’s a lucrative investment nonetheless.
3. Intellectual property
If you’re an inventor, a writer, or an artist, then you stand to make a lot of money from royalties. You only need to license or patent your work, so other people get to pay you for using your work. Don’t worry if you don’t have the talent to create intellectual property though. You can still legally license other people’s work and derive a stream of income from that.
If you’re going to be an investor, then it’s important that you put your money in places you’re sure you’ll get impressive returns. It’s easier said than done, but with ingenuity and research, you can pull it off.